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RE: Bitcoin (BTC) Morning Update: Trendline Support is Holding Steady
Now that we know the market is heavily manipulated by the Mt Gox fiasco, can't we say that TA is not as effective? TA relies on sentiment and fibbonaci, whereas now, there is one party that has significantly more power in this market?
upvoted, I wonder whats haejin's take on this. Upvote for visability please
He is correct, already dip $9200
The technician claims, with complete justification, that the bulk of the statistics which the fundamentalists study are past history, already out of date and sterile, because the market is not interested in the past or even in the present! It is constantly looking ahead, attempting to discount future developments, weighing and balancing all the estimates and guesses of hundreds of investors who look into the future from different points of view and through glasses of many different hues. In brief, the going price, as established by the market itself, comprehends all the fundamental information which the statistical analyst can hope to learn (plus some that is perhaps secret from him, known only to a few insiders) and much else besides of equal or even greater importance. - Magee
Haejin uses Elliott Waves which accounts for news or events. Just hodl guys, even if it goes down to $6k, is it worth the risk of having it jump up to over $12k again and missing out? BUY THE DIP SON!
that doesnt apply to this situation, the EW principle refelcts sentiment, this market manipulations are stronger then sentiments. I have his record and haejins calls havent been incorrect since end of december due to this kind of manipulation.
No, as haejin kept repeating last year (haven't been listening much recently), Elliott Waves always predict the future and whatever happens, only happens to prove the prediction. This eternal wisdom is immediately, intuitively accepted by followers of the great God Allah and many, many others.
We have a prime example of this truth in what happened from Christmas to now, and hasn't haejin since then started to intensely use Fibonacci and resistance lines ?
this is entire bullshit (specially what you tell about Allah). I follow haejin since september and I can tell you his btc calls have been incorrect since the end of december. And the reason for that is that the market manipulation is to strong in this case, the EW principle applies to a normal market where sentiment is in control. Each of the huge BTC dumps by this wale caused a crash and messed up each of haejins predictions. Sorry to tell you but you should keep your mind straight.
So sorry to tell you that you might be better off with a radio shack sarcasm detector - available at the low price of $19,49 (batteries not included).
You can download it directly after payment.
haha good one 😁 I have seen a lot on this site already so honestly your comment didnt even surprise me that much (except the religious part which has been a bit exceptional 😅)
Did you notice that he clashed with cryptopassion because he started copying the triangle method from that guy, and that he only started to use fibs this year ? He recently discovered Bollinger bands, so he may be using the Gann fan and Vegas Wave soonishly. This will make his predictions even more precise, especially since he has also discovered the Cassandra Effect (making negative predictions in a downtrend). So even if this may mean the end for bitcoin, it won't for haejin, as little as the death of Arab culture stopped the rise of Islam...
@barsic,
I love jojof for her elegant and incisive savagery.
IMHO, you can save your money on the radio shack toy. I, too, can be slow on the uptake but you recovered nicely.
Much respect for your avatar image!
Regards,
Rick
PS, Sadly, and with strong hopes that I'm wrong, we may have lost jojof. I'm desolated.